Query for central excise dealer
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
28 February 2014
sir,
i am purchase product from manufacture and selling product to my costumer. manufacturer take excise duty from me now how i can take excise duty from my costumer without providing detail of manufacturer. and sir what other tax i have take from my costumer when i am selling product out side of my state.
i am purchase product from manufacture and selling product to my costumer. manufacturer take excise duty from me now how i can take excise duty from my costumer without providing detail of manufacturer. and sir what other tax i have take from my costumer when i am selling product out side of my state.
28 February 2014
Excise duty paid on purchase will be your cost. When you determine the selling price of your product the excise duty cost will be included in the selling price.
Eg.
Purchase price Rs. 100
Excise duty 12.36
Own Profit 50
Total Selling price 162.36
So the excise duty paid has been recovered from the buyer.
Further you have to pay VAT/CST on the sale.
Eg.
Purchase price Rs. 100
Excise duty 12.36
Own Profit 50
Total Selling price 162.36
So the excise duty paid has been recovered from the buyer.
Further you have to pay VAT/CST on the sale.
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